Kroger and Albertsons head to court to defend merger plan against US regulators' objections

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U.S. News Новости

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Kroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon.

Get organized and transform your home with these Insider DealsThe entrance to an Albertson's grocery store is shown on Saturday, Aug. 24, 2024, in Cheyenne, Wyo. – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin Monday in Oregon.in U.S. history in October 2022. They say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco..

The FTC is seeking a preliminary injunction that would block the merger while its complaint goes before an in-house administrative law judge. In a three-week hearing set to begin Monday, U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.

The attorneys general of Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming all joined the case on the FTC's side., based in Boise, Idaho, operates 2,273 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together, the companies employ around 710,000 people.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
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